Laureate Education(US:LAUR) Globenewswire·2025-10-30 11:30Core Insights - Laureate Education, Inc. reported strong financial results for Q3 2025, with a revenue increase of 9% to $400.2 million compared to Q3 2024, driven by favorable operating performance and a weaker U.S. dollar [5][7][8] - The company announced a $150 million increase in its stock buyback authorization, reflecting confidence in its strong balance sheet and cash flow generation [5][15] - The outlook for full-year 2025 has been updated to reflect positive enrollment trends and improved foreign currency rates, with expected revenue growth of 7%-8% [21][17] Q3 2025 Financial Highlights - Revenue increased by 9% to $400.2 million, with an organic constant currency increase of 4% [7][8] - Operating income was $71.5 million, slightly down from $72.0 million in Q3 2024 [8] - Net income decreased to $34.4 million from $85.3 million in Q3 2024, primarily due to foreign currency exchange losses and a prior-year tax benefit [8][10] - Adjusted EBITDA rose to $94.8 million from $91.4 million in Q3 2024 [9][37] Nine Months Ended September 30, 2025 Highlights - Revenue for the nine months increased by 2% to $1,160.5 million, with a 6% increase on an organic constant currency basis [11][12] - Operating income for the nine months was $251.6 million, up from $249.8 million in the prior year [11] - Net income for the nine months was $112.3 million, down from $202.8 million, impacted by foreign currency exchange losses and a prior-year tax benefit [11][12] - Adjusted EBITDA for the nine months was $314.7 million, compared to $308.9 million in the previous year [12][37] Enrollment Trends - New enrollments increased by 7% for the nine months ended September 30, 2025, with total enrollments up by 6% [10][11] - In Peru, new enrollments rose by 13% and total enrollments by 8%, while in Mexico, both new and total enrollments increased by 4% [10] Balance Sheet and Capital Structure - As of September 30, 2025, the company had $241.0 million in cash and cash equivalents, with gross debt of $102.4 million, resulting in net cash of $138.6 million [13][14] - The company repurchased approximately $71 million of its common stock during the nine months ended September 30, 2025, with $27 million remaining under the existing stock repurchase program [14][15] Updated Outlook for Fiscal 2025 - The company expects total enrollments to reach approximately 494,000 students, reflecting a growth of 5% compared to 2024 [21] - Revenue is projected to be in the range of $1,681 million to $1,686 million, indicating growth of 7%-8% on an as-reported basis [21] - Adjusted EBITDA is expected to be between $508 million and $512 million, reflecting growth of 13%-14% on an as-reported basis [21]